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2026-09-11T22:33:57.000Z

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Gas crisis fears threaten Europe's winter

Gas crisis fears threaten Europe's winter

European factories face significant challenges this coming winter due to soaring natural gas prices, which have doubled over the past two months and reached their highest levels since 2022 in Britain. With gas reserves falling below 70% compared to a seasonal average of 80%, and Germany's stocks halved, pressure is mounting on energy-intensive industries such as steel, chemicals, and aluminum. Industrial sectors warn that continued rising energy costs could lead to reduced production, delayed investments, job losses, and even permanent factory closures across Europe, amid concerns that some production may be shifted to more competitive regions where energy prices are lower.

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